<p>Now more than ever, organizations must plan, response and recognize all forms of risks that they face. <b><i>Fundamentals of Risk Management, </i></b>now in its second edition, provides a comprehensive introduction to the subject of commercial and business risk for anyone studying for a career in risk as well as a broad range of risk professionals. It examines the key components of risk management and its application with examples to demonstrate its benefit to organisations in the public and private sector.</p><p> The second edition has been completely updated to take into account the greater influence of ISO 3100, the emergence of Governance Risk and Compliance (GRC) and the wide use of the bowtie method to illustrate risk management. In addition, there is now a chapter on the skills and competencies required by an effective risk manager.</p>
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<b>Paul Hopkin </b>is an internationally recognised risk management professional and was previously Technical Director at the Institute of Risk Management (IRM), having held the same role at the Association of Insurance and Risk Managers (Airmic) for nine years. He was previously Director of Risk Management for The Rank Group and prior to that Head of Risk Management at the BBC. He is a Certified Fellow of the Institute of Risk Management.
<b>The Institute of Risk Management (IRM)</b> is the world's leading enterprise-wide risk education institute. The IRM passionately believes in the importance and relevance of risk management and that investment in education and continuous development leads to more effective risk management. Our educational programmes are recognized for their excellence internationally. We are independent, well respected advocates of the risk profession, owned by risk professionals and offer services relevant to all sectors and disciplines. The IRM operates internationally with members and students in over 50 countries.
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